Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Thousands of farmers owed up to $5,800 of petrol duty refund

NZIFDA: Thousands of farmers owed up to $5,800 of duty refund on off-road farm petrol.

Thousands of farmers and contractors are owed money on fuel used by off-road farm vehicles – and should make a claim before they miss out.

An average dairy farmer who uses 5,000 litres per annum on off-road petrol will get an excise duty refund of $2,900 per annum.

Almost any commercial off-road fuel usage includes an on-road tax (or duty) of up to $0.58 cents/litre that can be refunded back to the farmer.

Fuel duty refunds can be backdated for up to two years and the refund can be quite significant.

But the process to obtain a refund is complex and your application will be rejected if the application is not correctly presented.

NZIFDA (www.nzifda.org) provide an entitlement guide to work out if farmers are owed a refund.

If eligible, farmers can open an account with NZIFDA (this costs $55+GST) and lodge a claim. From here, NZIFDA’s helpful and friendly staff will work to gather the information needed to support a claim and file that claim with the NZTA.

NZTA pays NZIFDA directly and claims are paid out on the 5th of each month following, less the NZIFDA processing fee of 12.5%+GST.

Farmers need to visit www.nzifda.org to work out if they are entitled to a refund, apply for an account, and lodge their refund through NZIFDA.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news